Gold has not even risen to carter levels yet, it probably will but not worth the panic just yet.
Good thing gold isn’t tulip bulbs. We’d be in real trouble.
I think gold will rise for a while, however...
1. When does Gold itself become a bubble?
2. What about the fact that once an investment gets advertised on TV and in every other financial article, that it’s usually 90% of the way through it’s run and ready to crash? (See Real Estate for an example).
It is taking more and more of (ANY) currency to buy a given amount of GOLD..
So what will happen? That’s EASY! Our oh-so-caring and concerned government will make private ownership of gold bullion/coins ILLEGAL (silver too, of course) and we will all be required to turn in our stock to local “drop off” stations. This will be mandated FOR OUR OWN GOOD because home invasion robberies put so many of us at risk! It will then be melted down and used for flooring in congressional bathrooms.